Business Update19 Sept 2024, 11:39 pm
Laxmi Organic Industries Yet to Finalize Investment for Synthetic Organic Chemical Manufacturing Unit
AI Summary
Laxmi Organic Industries Limited has clarified a Deccan Herald e-news article from September 19, 2024, stating that they are yet to make a final investment decision for setting up a synthetic organic chemical manufacturing unit in Jagatsinghpur, Odisha. Although they have approached the Odisha Government for land, the decision will depend on land availability and a thorough feasibility assessment.
Key Highlights
- Laxmi Organic Industries Limited has not finalized the investment for a synthetic organic chemical manufacturing unit in Jagatsinghpur, Odisha.
- The company has approached the Odisha Government for land for the proposed unit.
- The final decision will be based on land availability and a thorough feasibility assessment.
- The company clarified the matter in response to an e-news article published in Deccan Herald.